In this episode of The Business Report, finance presenter Chua Tian Tian spoke with Jeff Ng, Head of Asia Macro Strategy, SMBC,  where they discussed how Samsung Electronics’s quarterly profit surged 19-times amid rocketing demand for memory chips needed in AI data centres, before turning the spotlight on SGX-listed DBS and the outlook for the trio of local banks.

Also in focus – how Japan’s real wages rose 1.4 per cent in May from a year earlier to mark a fifth month of increases, as well as how Microsoft is cutting about 4,800 jobs as it restructures parts of its commercial and Xbox businesses.